FinSoul: Experts predict huge and rapid growth for U.S. carbon emission trading.

Jan. 6, 2010 - PRLog -- FinSoul has learned of a recent press interview in which the chairman of the Chicago Climate Exchange said he expected voluntary carbon markets in the U.S. to grow, especially at the regional level, even if the climate bill failed to impose a cap and trade policy on American industry.

"I think we will continue to see interest in voluntary carbon markets ... And I would expect that without a federal law you will continue to see growth in regional initiatives in the United States," the chairman was quoted as saying.

He highlighted some regional programs that he said were gaining momentum such as the Western Climate Initiative.

The chairman went on to say that he still saw a possibility for a cap and trade policy in the U.S in 2010, even taking into account the uphill battle that policy makers will face after the Copenhagen climate conference failed to deliver a binding global treaty on emissions cuts, FinSoul believes.

He added that he expected a lot of growth and excitement around the U.N. backed plan to pay poorer counties for preserving or replanting their forests, known as REDD or the reducing emissions from deforestation and degradation.

"I think REDD will continue to grow and capture the imagination of many, many people in and out of the environment movement," FinSoul believes he was quoted as saying.

He added that he felt more regional markets were likely to be established globally and that places such as Africa would benefit from carbon offset projects.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.